Quick service app Snabbit raises $19 million in round led by Lightspeed

Time of India

a day ago

Quick service app
Snabbit, which offers hyperlocal,
on-demand home services
, has raised $19 million in a funding round led by Lightspeed.
Existing investors Elevation Capital and Nexus Venture Partners also participated in the round.
The Mumbai-based startup plans to use the fresh capital to expand into new micro-markets and strengthen its team amid rising demand for rapid, on-demand home services in India.
Founded in 2024 by
Aayush Agarwal
, a former chief of staff at quick commerce platform Zepto, Snabbit connects households with trained professionals for tasks such as general cleaning, dishwashing, and laundry. These professionals are available on demand and typically arrive within 15 minutes, with services billed by the hour.
'The plan is to scale Snabbit to more than 200 micro-markets in the next nine to 12 months. We're now in around 10 micro-markets, so that's like a 20X multiple from here. We're also building out the team,' Agarwal told ET.
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Snabbit operates a full-stack model, managing the sourcing, training, and deployment of its workforce. Its time-based pricing structure is designed to ensure consistent service quality across households and tasks.
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Some of the areas where the startup currently operates include Mumbai's Powai, Thane, Marol, and Ghatkopar, as well as Bengaluru's Bellandur and Sarjapura. According to Agarwal, Snabbit has over 600 professionals on its platform, and this number is doubling every month.
He added that the income potential for professionals on the platform is significantly higher than traditional offline channels, with someone working a 12-hour shift able to earn up to Rs 40,000 a month—about twice as much as they might make offline.
'Snabbit is not a category-based service as much as it is about getting someone skilled and trained to help you out. That help could be with cleaning the home, it could be with just an ad hoc task, or it could be, like, you have guests over and you need an extra hand. So, it's almost becoming that support system for a lot of customers who, at times, urgently need someone to help them out,' said Agarwal.
The company also leverages advanced technologies for sourcing, training, onboarding, and managing its workforce. It has partnered with digital identity verification provider Idfy to streamline onboarding.
Earlier this year, Snabbit
raised $5.5 million
in a round led by Elevation Capital, with participation from Nexus Venture Partners and other angel investors. Prior to that, in 2024, Nexus had also led a $1 million round in the startup.
'Snabbit is transforming home services in India by bringing speed, structure, and trust to a sector that has largely operated informally until now. Aayush and the team are building a platform for urban households, a completely new category that will cater to the needs of millions,' said Rahul Taneja, partner at Lightspeed.
The rise of players like Snabbit comes as urban consumers increasingly expect convenience and speed in everyday services.
Last month, Urban Company, a major player in the at-home services space,
filed its draft red herring prospectus
(DRHP) for a Rs 1,900 crore initial public offering (IPO). As part of the offer for sale (OFS), investors such as Accel, Elevation Capital, Tiger Global, and Vy Capital are looking to partially exit their stakes.